SGX's Bocker wants board lots phased out

Singapore Exchange (SGX) chief executive Magnus Bocker has pledged his commitment to eventually do away with board lots, and has spoken up for retail participation and sustainability as he outlined strategies to address lacklustre markets.

The minimum number of shares that investors can trade in a lot will shrink to 100 shares in 2015, from 1,000 now.

Speaking on Thursday, Mr Bocker said the exchange plans to go even further: "For those who are wondering, rest assured we are committed to a unit-share market. We just need to take it one step at a time."